The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Cybersecurity Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Cybersecurity Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Cybersecurity Market size was valued at around USD 181 billion in 2023 & is estimated to grow at a CAGR of around 10% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Cybersecurity Market Segmentation?
The report has segmented the market into the following categories:
By Offering
- Solution- Market Size & Forecast 2019-2030, (USD Million)
- Standalone Hardware- Market Size & Forecast 2019-2030, (USD Million)
- Software Solution- Market Size & Forecast 2019-2030, (USD Million)
- Services- Market Size & Forecast 2019-2030, (USD Million)
- Professional Services- Market Size & Forecast 2019-2030, (USD Million)
- Design, Consulting & implementation- Market Size & Forecast 2019-2030, (USD Million)
- Risk & Threat Management- Market Size & Forecast 2019-2030, (USD Million)
- Training & Education- Market Size & Forecast 2019-2030, (USD Million)
- Support & Maintenance- Market Size & Forecast 2019-2030, (USD Million)
- Managed Services- Market Size & Forecast 2019-2030, (USD Million)
- Professional Services- Market Size & Forecast 2019-2030, (USD Million)
The managed services segment holds a major share of the market, and during the forecast year, it is anticipated to follow the same trend. An increasing sophistication of cyber threats was initially observed, leading many businesses, particularly SMEs, to face difficulties managing their cybersecurity needs in-house. This is primarily due to limited resources and a lack of expertise. Managed cybersecurity services, offering specialized skills and current technology, present a solution that is essential to effective cyber defense.
By Solution Type
- Identity & Access Management (IAM)- Market Size & Forecast 2019-2030, (USD Million)
- Antivirus/Antimalware- Market Size & Forecast 2019-2030, (USD Million)
- Log Management & SIEM- Market Size & Forecast 2019-2030, (USD Million)
- Firewall- Market Size & Forecast 2019-2030, (USD Million)
- Encryption & Tokenization- Market Size & Forecast 2019-2030, (USD Million)
- Compliance & Policy Management- Market Size & Forecast 2019-2030, (USD Million)
- Patch Management- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
By Deployment mode
- On-premises- Market Size & Forecast 2019-2030, (USD Million)
- Cloud- Market Size & Forecast 2019-2030, (USD Million)
- Hybrid Cloud- Market Size & Forecast 2019-2030, (USD Million)
By Organization size
- Large Enterprises- Market Size & Forecast 2019-2030, (USD Million)
- SMEs (Small & Medium Enterprises)- Market Size & Forecast 2019-2030, (USD Million)
By Security Type
- Network Security- Market Size & Forecast 2019-2030, (USD Million)
- Cloud Security- Market Size & Forecast 2019-2030, (USD Million)
- Endpoint & IoT Security- Market Size & Forecast 2019-2030, (USD Million)
- Application Security- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
By Vertical
- Banking, Financial Services and Insurance (BFSI)- Market Size & Forecast 2019-2030, (USD Million)
- Government- Market Size & Forecast 2019-2030, (USD Million)
- Healthcare & Life Sciences- Market Size & Forecast 2019-2030, (USD Million)
- Aerospace & Defense- Market Size & Forecast 2019-2030, (USD Million)
- Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
- IT & ITeS- Market Size & Forecast 2019-2030, (USD Million)
- Education- Market Size & Forecast 2019-2030, (USD Million)
- Retail & Ecommerce- Market Size & Forecast 2019-2030, (USD Million)
- Energy & Utilities- Market Size & Forecast 2019-2030, (USD Million)
- Telecommunications- Market Size & Forecast 2019-2030, (USD Million)
- Transportation & Logistics- Market Size & Forecast 2019-2030, (USD Million)
- Media & Entertainment- Market Size & Forecast 2019-2030, (USD Million)
- Others (Education, Construction, Travel & Hospitality)- Market Size & Forecast 2019-2030, (USD Million)
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Key Factor Driver Cybersecurity Industry Growth by 2030
Increasing Number of Target-Based Cyber-Attacks Augmenting Market Demand – Over the past few years, increasing cybercrime and target-based attacks have vigorously driven the growth of the Cybersecurity Industry. Cyber attackers target network infrastructure, endpoints, and cloud-based applications to cause significant financial losses and disrupt business operations. Rising cybercrimes like the theft of sensitive & critical data or information result in huge financial losses; thus, advanced information security technologies have been adopted by businesses across the globe to safeguard their security infrastructure. For instance,
Who are the Key Players Operating in the Cybersecurity Industry?
The top companies of the Cybersecurity market ruling the industry are:
- IBM
- CISCO
- Microsoft
- Palo Alto Networks
- Fortinet
- Check Point
- Trellix
- Trend Micro
- Rapid7
- Open Text
- AWS
- Oracle
- Accenture
- Cyberack
- ZScaler
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the Cybersecurity Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the Cybersecurity industry?
- Which is the Leading segment in the market?
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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